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|2014: Natural Gas, Wind, Solar Led New Projects|
Preti Flaherty Beliveau Pachios LLP;
March 30, 2015, previously published on January 30, 2015Natural gas, wind, and solar power projects dominated the rankings of new U.S. electric generation placed in service in 2014.
|Ohio Supreme Court Strikes Down a Municipality's Efforts to Regulate Oil and Gas Production|
Michael R. Gladman, David A. Kutik, Roy A. Powell, Todd S. Swatsler, Jeffery D. Ubersax; Jones Day;
March 27, 2015, previously published on March 2015The rise of oil and gas production in the Utica and Marcellus shale plays, encouraged by state policies, has led many municipalities to seek to exert some control over oil and gas drilling within their borders. In the past two years, the highest courts in Pennsylvania and New York have sided with...
|Natural Gas Pipeline Permitting Reform Act|
Todd J. Griset; Preti, Flaherty, Beliveau & Pachios, LLP;
March 26, 2015, previously published on January 26, 2015Last week, the U.S. House of Representatives voted to pass a bill to expedite federal review of some spects of proposed natural gas pipelines. Known as H.R. 161, the Natural Gas Pipeline Permitting Reform Act is officially summarized as providing for the "timely consideration of all licenses,...
|Electricity Policy Shifts Are Gaining Momentum in New York|
Duane Morris LLP;
March 26, 2015, previously published on March 20, 2015In what is likely to be a harbinger of changes to status quo retail electricity markets, services and grid planning, the New York State Public Service Commission (New York PSC) adopted a new policy framework that would significantly influence the development of the electricity industry for years to...
|Implications of CBSA’s Recent Imposition of Duties on Chinese Solar Imports|
Graham Erion, Andrew Lord, Sean E.H. Tyler; Davis LLP;
March 18, 2015, previously published on March 11, 2015The Canadian Border Services Agency (the “CBSA”) has imposed duties on Chinese-produced solar modules, which may dampen the downward slide of solar module prices in Canada, at least temporarily.
|New Federal Rules for Oil by Rail: Increased Insurance, Absolute Liability, Compensation Fund|
Michael Styczen, P. Eng; Davis LLP;
March 18, 2015, previously published on February 20, 2015Transportation Minister Lisa Raitt announced today that the federal government has introduced Bill C-52, the Safe and Accountable Rail Act. Bill C-52 would significantly tighten the regulation of crude oil rail transportation in Canada in three ways: by imposing a new levy on rail shipments of...
|Federal Government Proposes LNG Tax Break|
Michael Styczen, P.Eng; Davis LLP;
March 18, 2015, previously published on February 19, 2015Last week, we reported that the federal government was considering a proposal to provide a significant tax break to proposed LNG plants in British Columbia.
|Federal Government to Consider LNG Tax Break in Budget|
Michael Styczen, P.Eng; Davis LLP;
March 18, 2015, previously published on February 13, 2015Reuters is reporting that Finance Minister Joe Oliver, in pre-budget consultations, is considering a proposal to provide a significant tax break to proposed LNG plants in British Columbia.
|Actis Unveils $1.9 Billion Pan-African Renewable Energy Joint Venture|
Jillian C. Bunyan; Greenberg Traurig, LLP;
March 13, 2015, previously published on February 24, 2015On Feb. 17, U.K. private equity firm Actis announced a $1.9 billion joint venture with energy developer Mainstream Renewable Power to build a series of wind and solar projects throughout Africa over the next three years. The joint-venture company, named Lekela Power, plans to produce between 700...
|Reserves Reports and Asset Write-Downs - Legal Consequences for Public Companies|
Harinder S. Basra, Karen J. Dawson, Darrell R. Peterson, David F. Phillips, Domenic Puglia; Bennett Jones LLP;
March 12, 2015, previously published on February 12, 2015The recent rapid decline in oil prices has already affected share trading prices of exploration and production companies around the world. Those recent low oil prices and, more importantly, continued low forecast prices for 2015 and beyond may also have a significant impact on reserves reports,...